CIT files for Chapter 11 bankruptcy protection (AP)

I smell a bailout.

Let them go under. No more bailouts, loans, bulls**t! Let the investors take their losses. Bad management, lousy investments. Let CIT die! End of story.

Its all smoke and mirrors and chasing the wind... Time and chance my friend... Time and chance.

I say ABSOLUTELY NO more bailouts for these kinds of companies. I have always considered CITIBANK to be among the least attractive for investment based on the Very Poor customer service I have received from them every time I have called. I have never, ever trusted Citibank.

CIT Bank is not the same as Citibank.

Citibank still sucks though.

I thought the recession was over??? Just in time for us to go Christmas shopping...seriously how stupid do they think we are??

Another too big to fail in the works.

And like GM, they get money to retain American jobs and then come back for more then go under anyway (and we gave them more BILLIONS in their bankrupcy too) then GIVING Hummer to Red China and the rest to Fiat,,, the Italian mafia.

Odd that even right after the 1st GM bail out they spent over a billion $ expanding their Brazil plant (jobs there) etc etc etc...

Will the last American in AmeriKA please turn out the lights when you are kicked out and into Mexico by the RED China paper holders.

PS: Why does my Yahoo email go across the nation in a split second but posting here takes a long time before the posts and posted?

Censorship Nazis have to review it first... That's AMeriKA in 2009.
And why have to type in codes you can hardly read??? How about knowing who we are via our YAHOO email acct we have to use to post???

1984 in 2009 is the only answer...

Chinese troops will be walking into this country within 5 years. No shots fired...

Does evryone realize that if the hundreda of Billiona of $'s that had been wasted on Corporate Bailouts alraedy that are now just sitting in Duldrums and going nowhere would amount to several hundred thousand $ per person/American Citizen! That would have revitalized and reastarted the economy in spades and pulled everything right out of recession and solved everything! It would have jump started buying, spending, small businesses, housing starts and purchases, loans and investing, credit and lending, economic confidence on a major scale and with the proper government programs and incentives to properly invest and spend so as to not throw it away on wanton spending and waste, the world economy would have followed suit....

CITIBANK is in cahoots with my Arab brothers and sisters. In shallah these American pigs will suffer the wrath of capitalism through their governments continued support of massive wealth allocation corporations, such as CITIBANK. They steal from the poor, and give to the rich. My Islamic Arab brothers and sisters invest heavily in these legal theives, which is another secret way the Jihad is being waged. We have succeeded in tricking the Americans into believing their capitalist, middle class erasing, poverty inducing economic and social agenda is "American" and "Christian." Allahu Akbar, dirka dirka dirka. Mohammad, jihad dirka dirka dirka. As the Romans fell, so shall you.

Cit makes bad loans and I guess they want bail out money from the government. I say no more loans to the corporate theives.

This is just another example of the stupidity of the CEO'S running corporate America-- all they want is millions in pay and give hundreds back in knowledge about what they do-- fire them all and let real money managers do the job-- they were probably office boys and got their jobs by kissing up to someone-- give them the SMARTER THAN A FIFTH GRADER test and see who passes

NO way stop the financial crimes.. Let Cit fall to the mat.. Walk into a bank and pull a gun, the FBI will chase you for life.. The banks have been robbing us blind with over-charges etc and they get the bail out.. We the people pay taxes, which in turn the Feds just throw the Trillions to the banks and the rest on wall-street.. Im sick if the treatment..

moohumad remember the knights of the templar.Those were christians.as a matter of fact has any country that wears shower shoes win a war?

thats right the yanks will take it in 5 games !!!!!! oh an who cares about cit???????

There you go America, I was right again. Banks fall so will your little loans.Thank all the cry baby people who cry for lower APR's which are so low that banks cannot even pay what the prime cost to borrow from the federal reserve 3.25% alone there overhead the banks that actually think they can negotiate the APR for the stupid are the ones that are falling.Math is simple if you dont understand numbers like I do you will get the wrong answer everytime.Oh yea, I was done Christmas shopping two months ago,my attic is full!! good luck paying triple for your gifts this year cause you thought the banks were robbing you,the whole time its been people robbing the banks.(Sorry I caint pay my debt now please lower my APR cause I didnt know how to count and got into debt......). Ignorant fools! God bless Americas banks.Sorry we let you down on our part of the deals.

$2.3B of taxpayer money may have already been lost by this bankruptcy filing??? Let's get this straight! Our previous President despite having an (R) after his name was a fiscal Socialist and the current one is even worse. We need to shrink government and spending if the country is ever going to recover. Vote ONLY for FISCAL CONSERVATIVES!

I just had and experience with them calling me at work over thirty dollars.I knew something was going on. I dont care that they are going under, I knew it was coming by the way they were treating me. I'm going to call them now just the way they called me.ha ha ha ha ha ha ha ha. guess they will have to worry about paying their bills just like me.

I wish they were open I would call them now . Maybe I can call tomorrow at their work oh maybe they arent open.

Beckies,

I like you!

Kurt

The banks,lending institutions are run by people who could care leee for the ordinary people. Let all of them go down. I do not ike my money going to all these greedy idiots who paid themselves huge salaries even though they were lsing money. To hell with them all
Will of the Philippines9Retired american.

BAILOUT BAILOUT BAILOUT!!! Go for it!!! WHAT the F-CK!!! It is OTHER PEOPLES TAX MONEY....right bama!!!

a corporate billion dollar loss gets you a 4 billion bailout...


an everyday American loses their house, car, pride and most likely their lives.......

no American left behind act....

Americans lose their house over a few thousand bucks

Corporate business burn through billions and get it paid back
back in busines the next day borrowing more money

Do I owe you money?
8,000 + 49% interest for the last 28 months
what a joke!!!

you've been paid TWICE and still fail

Muhammad - your comments is pathetic

but greed glutony, expectations of sex in the after life are ALL sins

I see that CIT Group has filed for bankruptcy. Its five top executives were paid $13.66 million in 2008. Not a bad take for failure. One wonders why CIT stockholders do not lynch the five. Likely, they cannot afford the rope.

Executives who sit on one another’s boards of directors frequently set executive pay. I approve your pay and bonus of $2 million and you approve my pay and bonus of $2 million, regardless of merit.

And the hits just keep on coming. The economy is far from recovery and this is just another reminder of that. We'll probably see hundreds more lose jobs at CIT alone, and then more from the companies that will lose money because of this. Then those people won't be able to pay their bills and the cycle will keep on turning. The government should havve been smarter and gave the money they spent on these banks and corporations to the people. That would have been a sure-fire way to stimulate the economy. Debts would have been paid, people would go shopping, buy houses, cars, vacations. Instead they bailed out companies and those companies are still going under. Way to go government.

nice one TAY - you're right!!

The government should havve been smarter and gave the money they spent on these banks and corporations to the people. That would have been a sure-fire way to stimulate the economy..